Posted 4/12/2024, 11:00:00 PM
Japan's Low Wages Drive Young Workers Overseas
- Young Japanese workers like Tomoki Yoshihara are leaving for countries like Australia where they can earn much higher wages due to favorable exchange rates
- Japan's wage gap with other developed countries remains high despite recent increases, making overseas work more appealing
- Countries like Australia, Canada, the UK, and New Zealand are seeing record numbers of Japanese working holiday visas
- The outflow risks worsening Japan's labor shortage and economic outlook
- More Japanese of all ages are choosing to live abroad permanently, signaling doubts about Japan's economy